Skip to Main Content
The export premium: why some logs are worth more abroad.Author(s): Donald F. Flora; Wendy J. McGinnis; Christine L. Lane
Source: Res. Pap. PNW-RP-462. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 18 p
Publication Series: Research Paper (RP)
Station: Pacific Northwest Research Station
View PDF (974 KB)
DescriptionFor as long as logs have been exported from the Pacific Northwest, they seem to have been worth more offshore than in the domestic market. Five reasons for the export premium are the inconvenience of trade, quality, extra "haul and hassle," continuity in export arrangements, and export embargoes. A large and increasing differential remains between export and domestic prices for comparable logs in high grades. Logs of lower quality do not seem to have a dual price structure, and there appears to be a declining premium for logs overall. Year-to-year fluctuations in the premium can be considerable, however, and trade policy changes typically affect the export premium more, proportionately, than they affect export volumes.
- You may send email to email@example.com to request a hard copy of this publication.
- (Please specify exactly which publication you are requesting and your mailing address.)
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
CitationFlora, Donald F.; McGinnis, Wendy J.; Lane, Christine L. 1993. The export premium: why some logs are worth more abroad. Res. Pap. PNW-RP-462. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 18 p
KeywordsMarkets (external), supply and demand (forest products), trade (Pacific Rim), log exports, trade embargo theory
- The rise and fall of the Pacific Northwest log export market.
- Pacific Rim log trade: determinants and trends.
- Interactions between domestic and export markets for softwood lumber and plywood: tests of six hypotheses.
XML: View XML